Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
If I asked Mike Piper why he considered banning you, do you think he would tell me the truth?
“I do not.
Most likely he would mix partial truths with partial falsehoods.
I’ve seen a lot of that sort of thing over the past 14 years, both from Mike and from others.”
What bloggers would tell the truth about you?
On the day when this story is written up on the front page of the New York Times, every blogger alive, including Mike Piper, will tell the truth about me and about all the rest of it.
I don’t know that one would tell the full truth today. They all are worried about what would happen to them if they did.
How many journalists told the full truth about Scott Armstrong (the biker who was taking performance-enhancing drugs to win his races) before he was exposed? No one dared to do so. Lots of them knew. But Armstrong is a powerful and wealthy and vindictive person. He threatened to sue anyone who told the truth about him and he followed through on his threats in some cases. People lived in fear of him. No one lives in fear of him today. Everyone feels free to speak openly about what he did today.
The same will happen in this case. The Wall Street Con Men are powerful and wealthy people and they have shown a a willingness to engage in unethical behavior if that is what it takes to keep this covered up. But, once it is exposed, lots of people will be telling their stories all at once.
It has to come out. The benefits of exploring the implications of the last 36 years of peer-reviewed research are too great for it not to come out. There’s a lot of money to be made giving millions of people accurate and honest and truly research-based investment advice. People are not going to pass up that money indefinitely. And people are going to want to do something about the economic crisis following the next price crash. The pressure to do something is going to grow too strong to resist.
Given that it has to come out, it is better for every single person involved that it come out quickly. A lot of the people who have done bad things are caught up in something bigger than them. A lot never expected things to get this out of hand. A lot have done good work and made important contributions. They would love to see this ugly stuff brought to an end. All it takes is a few people of courage to make life better in hundreds of different ways for millions of people.
It’s a matter of time, Anonymous. We are close.
My sincere take.